About
Zuari Industries Limited engages in agriculture, heavy engineering, infrastructure, lifestyle, and services businesses in India and internationally. It operates through the Engineering Services, Furniture, Real Estate, Sugar, Power, Financial Services, Ethanol, and Management Services segments. The Engineering Services segment offers technology, basic engineering, detailed engineering, project management, procurement, and construction services in the engineering and contracting sector. Its Furniture segment manufactures, sells, and trades furniture products. The Real Estate segment develops real estates. Its Financial services segment provides capital market related services. The Sugar segment engages in the extraction of sugar from sugar cane. Its Power segment is involved in the co-generation of power using by-product of the sugar extraction, such as bagasse. The Ethanol segment manufactures ethanol using molasses. Its Management Services segment offers management consultancy, manpower outsourcing, and related services. The company also provides HR solutions, consumer food trading, and insurance; depository participant services; and mutual fund products. The company was formerly known as Zuari Global Limited and changed its name to Zuari Industries Limited in June 2022. Zuari Industries Limited was incorporated in 1967 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap820 Cr
P/E7.11
Div Yield0.36 %
Book Value₹1,196.00
52w High₹416.00
52w Low₹210.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 311.93 | 283.56 | 262.63 | 241.17 | 257.46 | 272.26 | 235.06 | 237.29 | 225.71 | 262.41 | 115.75 | 268.65 | 191.00 |
| Expenses | 297.75 | 253.34 | 270.35 | 230.35 | 232.22 | 244.66 | 242.18 | 233.35 | 201.01 | 141.58 | 126.24 | 282.03 | 243.35 |
| Operating Profit | 14.18 | 30.22 | -7.72 | 10.82 | 25.24 | 27.60 | -7.12 | 3.94 | 24.70 | 120.83 | -10.49 | -13.38 | -52.35 |
| OPM % | 4.55 | 10.66 | -2.94 | 4.49 | 9.80 | 10.14 | -3.03 | 1.66 | 10.94 | 46.05 | -9.06 | -4.98 | -27.41 |
| Other Income | 54.77 | 19.79 | 46.86 | 225.03 | 44.80 | 24.58 | 54.03 | 58.95 | 16.68 | 14.98 | 891.38 | 60.32 | 81.99 |
| Depreciation | 7.98 | 7.66 | 7.71 | 7.34 | 7.44 | 7.83 | 7.22 | 7.04 | 6.81 | 6.86 | 6.94 | 6.92 | 6.64 |
| Interest | 61.54 | 61.99 | 56.19 | 61.47 | 63.00 | 59.02 | 63.35 | 70.80 | 68.87 | 67.61 | 71.92 | 73.81 | 68.59 |
| Profit before tax | -0.57 | -19.64 | -24.76 | 167.04 | -0.40 | -14.67 | -23.66 | -14.95 | -34.30 | 61.34 | 802.03 | -33.79 | -45.59 |
| Tax % | -108.77 | 60.90 | 6.79 | 1.64 | 17.50 | 41.51 | 6.64 | -1.20 | -2.01 | -3.33 | 9.10 | -4.79 | 4.30 |
| Net Profit | 0.05 | -31.61 | -26.43 | 164.29 | -0.48 | -20.75 | -25.24 | -14.77 | -33.61 | 63.38 | 729.08 | -32.16 | -47.54 |
| EPS in Rs | 0.20 | -10.41 | -8.69 | 55.34 | 0.02 | -6.95 | -8.31 | -4.84 | -11.20 | 21.35 | 244.89 | -10.67 | -15.85 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,045.00 | 970.00 | 838.00 | 955.00 | 722.00 | 834.00 | 771.00 | 774.00 | 550.00 | 603.00 | 553.00 | 520.00 |
| Expenses | 974.00 | 921.00 | 786.00 | 927.00 | 710.00 | 843.00 | 1,031.00 | 905.00 | 556.00 | 575.00 | 568.00 | 518.00 |
| Operating Profit | 71.00 | 50.00 | 52.00 | 28.00 | 12.00 | -9.00 | -260.00 | -131.00 | -6.00 | 29.00 | -15.00 | 2.00 |
| OPM % | 7.00 | 5.00 | 6.00 | 2.90 | 1.70 | -1.10 | -34.00 | -17.00 | -1.10 | 4.80 | -2.80 | 0.50 |
| Other Income | 324.00 | 154.00 | 1,041.00 | 562.00 | 230.00 | 127.00 | 121.00 | 100.00 | 107.00 | 32.00 | 3.00 | 21.00 |
| Interest | 243.00 | 262.00 | 282.00 | 248.00 | 264.00 | 202.00 | 160.00 | 113.00 | 119.00 | 66.00 | 39.00 | 34.00 |
| Depreciation | 30.00 | 29.00 | 27.00 | 27.00 | 23.00 | 29.00 | 25.00 | 21.00 | 20.00 | 15.00 | 8.00 | 8.00 |
| Profit before tax | 122.00 | -88.00 | 784.00 | 314.00 | -45.00 | -113.00 | -325.00 | -165.00 | -38.00 | -20.00 | -60.00 | -19.00 |
| Tax % | 13.00 | 8.00 | 9.00 | 1.00 | -22.00 | -13.00 | 22.00 | -11.00 | 9.00 | 1.00 | -36.00 | 57.00 |
| Net Profit | 106.00 | -94.00 | 713.00 | 309.00 | -35.00 | -98.00 | -396.00 | -148.00 | -41.00 | -20.00 | -38.00 | -26.00 |
| EPS in Rs | 36.25 | -31.30 | 239.72 | 104.30 | -12.19 | -29.20 | -124.81 | -43.68 | -10.56 | -8.80 | -14.96 | -8.93 |
| Dividend Payout % | 3.00 | -3.00 | 0.00 | 1.00 | -8.00 | -7.00 | -1.00 | -2.00 | -9.00 | -11.00 | -7.00 | -11.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30.00 | 30.00 | 30.00 | 30.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 | 29.00 |
| Reserves | 3,533.00 | 4,959.00 | 3,830.00 | 2,312.00 | 2,885.00 | 1,849.00 | 1,137.00 | 2,152.00 | 2,378.00 | 1,880.00 | 1,760.00 | 649.00 |
| Borrowings | 2,657.00 | 2,568.00 | 2,436.00 | 2,691.00 | 2,512.00 | 2,288.00 | 1,940.00 | 1,471.00 | 1,153.00 | 866.00 | 760.00 | 623.00 |
| Other Liabilities | 942.00 | 1,364.00 | 1,195.00 | 774.00 | 816.00 | 740.00 | 830.00 | 773.00 | 624.00 | 459.00 | 442.00 | 556.00 |
| Total Liabilities | 7,162.00 | 8,920.00 | 7,492.00 | 5,807.00 | 6,243.00 | 4,907.00 | 3,937.00 | 4,426.00 | 4,184.00 | 3,235.00 | 2,991.00 | 1,858.00 |
| Fixed Assets | 616.00 | 609.00 | 622.00 | 645.00 | 654.00 | 665.00 | 698.00 | 544.00 | 550.00 | 539.00 | 370.00 | 252.00 |
| CWIP | 6.00 | 7.00 | 6.00 | 1.00 | 7.00 | 2.00 | 3.00 | 71.00 | 8.00 | 12.00 | 142.00 | 169.00 |
| Investments | 4,851.00 | 6,379.00 | 4,852.00 | 2,586.00 | 3,180.00 | 1,877.00 | 1,132.00 | 2,023.00 | 2,211.00 | 1,600.00 | 1,433.00 | 375.00 |
| Other Assets | 1,689.00 | 1,926.00 | 2,012.00 | 2,575.00 | 2,401.00 | 2,364.00 | 2,104.00 | 1,788.00 | 1,415.00 | 1,084.00 | 1,046.00 | 1,063.00 |
| Total Assets | 7,162.00 | 8,920.00 | 7,492.00 | 5,807.00 | 6,243.00 | 4,907.00 | 3,937.00 | 4,426.00 | 4,184.00 | 3,235.00 | 2,991.00 | 1,858.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 144.00 | -1.00 | 71.00 | 269.00 | 62.00 | 109.00 | 126.00 | -45.00 | -125.00 | 109.00 | -12.00 | -288.00 |
| Cash from Investing Activity | 20.00 | 183.00 | 475.00 | -159.00 | 69.00 | -204.00 | -360.00 | -114.00 | -97.00 | -5.00 | -45.00 | 41.00 |
| Cash from Financing Activity | -175.00 | -163.00 | -583.00 | -89.00 | -87.00 | 90.00 | 232.00 | 160.00 | 214.00 | -98.00 | 66.00 | 238.00 |
| Net Cash Flow | -12.00 | 18.00 | -36.00 | 22.00 | 44.00 | -5.00 | -2.00 | 2.00 | -9.00 | 5.00 | 9.00 | -8.00 |
| Free Cash Flow | 118.00 | -16.00 | 101.00 | 259.00 | 56.00 | 108.00 | 33.00 | -169.00 | -153.00 | 100.00 | -98.00 | -387.00 |
| CFO/OP % | 226.00 | -47.00 | 136.00 | 1,012.00 | 728.00 | -1,010.00 | -51.00 | 51.00 | 1,963.00 | 326.00 | -8.00 | -11,600.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23.00 | 27.00 | 24.00 | 31.00 | 37.00 | 40.00 | 51.00 | 49.00 | 86.00 | 56.00 | 62.00 | 69.00 |
| Inventory Days | 434.00 | 405.00 | 502.00 | 629.00 | 1,031.00 | 864.00 | 1,215.00 | 1,840.00 | 1,809.00 | 831.00 | 896.00 | 1,432.00 |
| Days Payable | 102.00 | 98.00 | 162.00 | 142.00 | 283.00 | 260.00 | 465.00 | 626.00 | 825.00 | 383.00 | 295.00 | 580.00 |
| Cash Conversion Cycle | 356.00 | 334.00 | 364.00 | 518.00 | 785.00 | 644.00 | 800.00 | 1,263.00 | 1,071.00 | 505.00 | 663.00 | 922.00 |
| Working Capital Days | -409.00 | -349.00 | -537.00 | 72.00 | 81.00 | 92.00 | 94.00 | 161.00 | 79.00 | 11.00 | -27.00 | 82.00 |
| ROCE % | 5.00 | 3.00 | 4.00 | 11.00 | 4.00 | 3.00 | -5.00 | -2.00 | 3.00 | 2.00 | -1.00 | 3.00 |
Corporate Actions
29 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Sep 2025 | 17 Sep 2025 | — | 1.00 | |
| Dividend | 20 Sep 2024 | 20 Sep 2024 | — | 1.00 | |
| Dividend | 21 Sep 2023 | 21 Sep 2023 | — | 1.00 | |
| Other | 21 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 20 Sep 2022 | 21 Sep 2022 | — | 1.00 | |
| Other | 20 Sep 2022 | — | — | — | Annual General Meeting |
| Dividend | 24 Nov 2021 | 25 Nov 2021 | — | 2.00 | |
| Other | 08 Sep 2021 | — | — | — | Annual General Meeting |
| Dividend | 27 Apr 2021 | 28 Apr 2021 | — | 1.00 | |
| Dividend | 23 Feb 2021 | 24 Feb 2021 | — | 1.00 | |
| Dividend | 04 Sep 2020 | — | — | 1.00 | |
| Dividend | 18 Jul 2019 | — | — | 1.00 | |
| Dividend | 19 Jul 2018 | — | — | 1.00 | |
| Dividend | 13 Jul 2017 | — | — | 1.00 | |
| Dividend | 29 Jul 2016 | — | — | 1.00 | |
| Dividend | 30 Jul 2015 | — | — | 1.00 | |
| Dividend | 27 Jun 2014 | — | — | 1.00 | |
| Dividend | 27 May 2013 | — | — | 2.00 | |
| Other | 27 May 2013 | — | — | — | Dividend Rs 2/- Per Equity Share |
| Dividend | 25 May 2012 | — | — | 2.00 | |
| Other | 09 Apr 2012 | 10 Apr 2012 | — | — | Scheme of Arrangement |
| Other | 09 Apr 2012 | 10 Apr 2012 | — | — | Scheme Of Arrangement And Demerger |
| Dividend | 16 May 2011 | — | — | 4.50 | |
| Dividend | 11 May 2010 | — | — | 4.50 | |
| Dividend | 19 May 2009 | — | — | 3.00 | |
| Dividend | 20 May 2008 | — | — | 3.00 | |
| Dividend | 22 May 2007 | — | — | 2.50 | |
| Dividend | 27 Jun 2006 | — | — | 2.00 | |
| Dividend | 27 Jun 2001 | — | — | 1.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update20 Aug from care
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Rating update3 Oct 2025 from care
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Rating update6 Aug 2024 from care
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Rating update25 Oct 2023 from care
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Rating update20 Sep 2022 from care
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Rating update24 Jun 2021 from care